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Wüstenrot Stavební Spořitelna - Sales & Profits

Banking | Czech Republic | February 21, 2014
Excel Sheet

The Golden Ages of building savings seems to be over. The decline in interest rates, increasing competition from pure mortgage lending and cuts in government subsidies all create an increasing pressure on the bank's profitability.

From the record profit of CZK 287 mil in 2009, the bank reached a net profit of CZK 251 mil in 2012